SEOUL, South Korea - With denuclearization on the agenda, leaders from North and South Korea are set to hold talks soon.

In a statement, South Korea’s unification ministry has said that the meeting will serve as a follow-up to the April 27 meeting held by the two leaders.

During the historic breakthrough meeting last month, leaders of the two rival Koreas pledged to end the Korean War and worked toward “complete denuclearization.”

The Unification Ministry said in a statement, ”The South and North will hold a high-level inter-Korea meeting on May 16 in the Peace House in Panmunjom, to discuss the implementation of 'Panmunjom Declaration for Peace, Prosperity, and Unification of the Korean Peninsula.”

The meet is scheduled at the border village of Panmunjom in the Demilitarised Zone (DMZ), which is the world's most heavily guarded border, separating the two countries.

The meeting will be held at the Peace House and reports have noted that five South Korean officials and 29 North Korean officials will attend the talks.

While South Korea’s Unification Minister Cho Myoung-gyon will lead a team of five, North Korea will send a 29-member delegation led by Ri Son-gwon, chairman of the 'Committee for the Peaceful Reunification of the country'.

The meeting is also set to serve as a prelude to the historic meeting between the North Korean leader, Kim Jong Un and the U.S. President Donald Trump, which is scheduled to be held on June 12 in Singapore.

Over the weekend, the new U.S. Secretary of State Mike Pompeo said that the U.S. is pushing for North Korea to fully and irreversibly dismantle its nuclear program.

The U.S. said that in return, it would aid the North Korean economy by lifting sanctions and allowing private capital to flow into the country.

Further, Pompeo even clarified that economic aid for North Korea would not come at an expense to U.S. taxpayers.

Meanwhile, North Korea announced this week that it will dismantle its nuclear testing site later this month.

In a first, the reclusive nation even invited the world to watch as it blows up its Punggye-ri nuclear test site.

North Korea said that it will hold a “ceremony” between May 23 and May 25 and foreign journalists have been invited to witness the “transparent” event.